44-48 Pelham St - Bar FOR SALE


Nottingham, NTT NG1 2EW
$1,450,000 USD
44-48 Pelham St, Nottingham, NTT for Sale
$1,450,000 USD
Bar - FOR SALE
1/4
null | Request Cap Rate

44-48 Pelham St
Nottingham, NTT NG1 2EW


HIGHLIGHTS

  • Recent tenant investment of £315,000
  • Let to the UK’s largest pub company, Stonegate Group, until 2045
  • Faradays is situated in the heart of the leisure circuit in Nottingham with nearby operators including Be at One, Cosy Club & Lloyds No.1 Bar

OVERVIEW

The four storey semi detached building is arranged over ground, basement, first, second and third floors with exposed brick elevations beneath a flat roof. Offers in excess of £1,450,000 which reflects a Net Initial Yield of 8.1% NIY based upon the topped up rent of £124,101 per annum and standard purchasers costs. The February 2025 rent may be subject to change in an upwards or downwards direction subject to the RPI data published in February 2025. On the assumption that RPI in February 2025 is 3.0% the passing rent will be £124,101 per annum based on the below RPI data: 2021 1.4% 2022 4.0% 2023 4.0% 2024 4.0% 2025 3.0%* *Assumed RPI

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Faradays

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1885

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

-

APN/PARCEL ID

NT323695

ASK ABOUT THIS PROPERTY

Paul BreenSavillsMore Info

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